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...is preparing for a showdown with shareholders at its annual meeting later this month over a pay package for its chief executive David Schwimmer that is benchmarked against big US data groups such as S&P...
...If P&C reinsurers tend to hover in the background, life reinsurers are not even at the party....
...EU-China rivalry: Brussels’ new anti-subsidy rules are powerful but have set the bloc on a confrontation course with Beijing that it can’t entirely control, writes Alan Beattie....
...If this wasn’t provocative enough, bondholders were then told that they should brace themselves for haircuts....
...Neal said: “I don’t think anybody is going to stand in the way of repair.”...
...The ship’s liability insurance is provided in the first instance by Britannia P&I, part of a global group of liability insurers that share their losses between themselves and $3bn worth of reinsurance....
...And for now, at least, the conflict hasn’t grown beyond what traders were expecting at that point a couple of weeks ago....
...“Everyone’s been anticipating a recession for a long time and it hasn’t materialised.” Read more about the drivers boosting markets....
...“I don’t know how long it will take.”...
...Tim Rourke, UK head of P&C pricing, product, claims and underwriting at WTW, said the data suggested “the relentless rise in prices may finally be turning a corner”....
...“In the event that someone’s condition becomes uninsurable or they can’t pay, what then? A depleted NHS might not be there as a safety net to look after them.”...
...It is right that he won’t be allowed to work in regulated financial services again,” said Steve Smart, joint executive director of enforcement and market oversight at the FCA....
From Tony Smith, Bishop’s Stortford, Hertfordshire, UK
...“I don’t think we have the tools to really say that with a lot of certainty,” says Bhattacharya-Craven....
...Mainstream investors like Fidelity, T Rowe Price and BlackRock are also exposed. Read more on the options open to ByteDance’s US investors....
...Berkshire’s line-up of managers, however, is to P/C insurance what Cooperstown’s honorees are to baseball.”...
...But even for those with access to a garden, not owning a home shouldn’t prevent renters from investing, says Claymore....
...America (still) has no industrial policy: Subsidies, tariffs and good intentions don’t add up to what is needed, argues Rana Foroohar....
...“Quite a few of them have gone under over the last three or four years partly because they didn’t get their insurance money,” Leedham said....
...He added: “I don’t think it’s the model which is the issue per se, it’s the shift in the regulatory and political landscape.”...
...“We don’t believe the fundamental demand drivers in China have changed....
...Management has taken steps to try to limit damage to the business, although falling revenue and profit numbers don’t suggest that these have been a success....
...The blue-chip S&P 500 closed up 0.9 per cent, at a new record, continuing a rally that has pushed the index 27 per cent higher since October. The Nasdaq Composite gained 1.3 per cent....
...The S&P 500 experienced its sharpest decline since the middle of February and US government bonds also rose as investors sought safe-haven assets....
...Jessica SmithI’m Jessica Smith, in for Marc Filippino, and here’s the news you need to start your day....
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